Short Interest in Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) Grows By 430.3%

Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,734 shares, an increase of 430.3% from the June 30th total of 327 shares. Based on an average trading volume of 2,931 shares, the short-interest ratio is currently 0.6 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global X Information Technology Covered Call & Growth ETF stock. Triumph Capital Management acquired a new position in shares of Global X Information Technology Covered Call & Growth ETF (NYSEARCA:TYLG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,280 shares of the company’s stock, valued at approximately $296,000. Triumph Capital Management owned 2.76% of Global X Information Technology Covered Call & Growth ETF as of its most recent SEC filing.

Global X Information Technology Covered Call & Growth ETF Trading Down 1.0%

NYSEARCA TYLG traded down $0.40 during midday trading on Friday, hitting $39.65. The company had a trading volume of 2,130 shares, compared to its average volume of 2,557. The firm has a 50-day moving average price of $41.38 and a 200-day moving average price of $38.08. The company has a market capitalization of $14.27 million, a PE ratio of 36.82 and a beta of 0.99. Global X Information Technology Covered Call & Growth ETF has a twelve month low of $32.61 and a twelve month high of $43.43.

About Global X Information Technology Covered Call & Growth ETF

The Global X Information Technology Covered Call & Growth ETF (TYLG) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index that holds S&P 500 technology stocks and sells one-month, at-the-money call options on up to 50% of each stock. TYLG was launched on Nov 21, 2022 and is managed by Global X.